Caesars Drops Gansevoort from Las Vegas Project

In March, we told you that Caesars and Gansevoort had teamed up to take over the redevelopment of the former Bill’s Gamblin’ Hall and Saloon in Las Vegas. The multimillion project was going to be the fourth installment for the Gansevoort brand.

But it looks like Caesars Entertainment has dropped the deal with Gansevoort, according to this report from the Las Vegas Review Journal. The sudden announcement comes following a probe by Massachusetts gaming investigators which revealed that an investor in Gansevoort allegedly has ties to organized crime in Russia.

Construction is expected to continue on the Las Vegas Strip hotel project, and Caesars is expected to announce a new name for the project in the near future. The hotel will feature 188 rooms, a 65,000 square-foot rooftop nightclub and pool area created by Victor Drai, and a restaurant from television cooking personality Giada De Laurentiis.

Caesars Entertainment Chairman Gary Loveman told Bloomberg News that the company conducted its own background checks on Gansevoort before entering into a licensing agreement with the boutique hotel group.